Everything web3, crypto, defi, degen
In brief Burke revealed Australia’s crypto ATM count has exploded from 23 machines six years ago to over 2,000 today, with 85% of top user transactions linked to scams or money mules. The proposed legislation would grant AUSTRAC the authority to restrict or prohibit “high-risk products,” with crypto ATMs specifically targeted. The move follows months…
In brief Zhimin Qian defrauded over 128,000 individuals in a fake investment scheme, stealing $6.8 billion and converting it into Bitcoin. The UK government seized it from 2018 to 2021, after Qian entered the U.K., and is now debating what to do with the funds. Prosecutors are considering creating a victim compensation scheme, but one…
In brief Gemini users in Australia can now trade directly in AUD through local banking integrations following its official registration with the country’s anti-money laundering watchdog. The move coincides with draft legislation that would bring crypto exchanges under the Corporations Act. Gemini has appointed James Logan as Head of Australia to lead local strategy and…
In brief A firm is building dashboards for Bitcoin treasury firms. Bitcoin-buying firms have proliferated in the U.S. this year. mNAV could offer analysis to consumers as well. As Bitcoin treasury firms proliferate in the U.S., an engineer-by-day is building dashboards for them on the other side of the world and cashing in on the…
In brief A crypto project called POIDH uses tokens to incentivize real-word behavior. It is currently offering 10 million DEGEN tokens to beat a specific Guinness World Record. The current titleholder has expressed an interest, but so have others. As countless crypto projects work tirelessly to reshape Wall Street, a relatively novel one is focused…
In brief An Interpol operation encompassing 40 countries has seized $439 million from suspected criminals. Law enforcement agencies froze 400 crypto wallets, from which they recovered $16 million in crypto. Investigated crimes include investment fraud, money laundering related to illegal gambling, sextortion, and e-commerce fraud. Interpol has seized a total of $439 million in criminal…
Australia has released draft legislation to regulate digital asset platforms, proposing a framework that extends financial services laws to crypto businesses in an effort to bolster consumer protections and provide clarity for the industry.Assistant Treasurer Daniel Mulino announced the reforms on Wednesday at the Digital Economy Council of Australia’s Global Digital Asset Regulatory Summit. He described…
In brief ASIC has granted class relief for intermediaries distributing stablecoins issued under an AFS licence. An expert told Decrypt this “helps bridge regulatory friction while Treasury finalises its proposed stablecoin regime.” ASIC noted the relief could be extended to additional issuers as more look to secure AFS licences. The Australian Securities and Investments Commission…
OKX is making a push into Australia’s retirement market, despite crypto still being a notably small component.On Sunday, the exchange announced the launch of a platform for self-managed superannuation funds, or SMSFs.These private retirement vehicles allow individuals and small groups to manage their own savings directly, offering an alternative to the industry and retail funds…
In brief AI could speed up “Q-Day,” when quantum computers break today’s encryption—threatening crypto, cybersecurity, and global finance. Experts warn “Q-Day” may hit by 2030, as AI accelerates quantum advances that could crack RSA, ECC, and the backbone of blockchain security. Quantum + AI may soon outpace current encryption, raising urgent risks for crypto, banks,…
